European Stars and Stripes (Newspaper) - February 2, 1994, Darmstadt, Hesse                                Page 16 the stars and stripes Money matters 1 wednesday february 2,1994 today a rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use German Mark. 1.69 British Pound .1.54 dutch Guilder 1.89 greek drachma. 242.2934 note the rate above apply wet till Tho Host Tatj Mitry. Figures Are expressed in dollars to the British Pound other currencies to the Dollar. Following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies a a a a a a a a a. A a italian lira 1.689.75 turkish lira 17,272.40 Spanish peseta .140.15 portuguese escudo. 174.45 austrian Schilling 12.186 saudi Royal 3.7497 bahraini Dinar .0.37675 kuwaiti Dinar. 0.2971 norwegian Krone .7.45 danish Krona a a a a a a a a a a a a a a a a 673 British Pound 1504 German Mark 1.7351 Swiss franc 1.455 Branch franc a a a a a a a a a a a. 589 dutch guilder1.9435 belgian franc 35.72 Canadian Dollar 1.3285 note figures Are expressed in dollars to the Quot British Pound other currencies to the Dollar Gold quote $382.10 an ounce Silver quote $$.13 an ounce r new York Exchange 1 a new York up York Stock Exchange stack Tele Lonos of my Citicorp Wal Mart stores general motors Merck a co inc Rwjr Nabisco hid Banka Menci Alcan aluminium Humana inc Conti Bank Cora Philip Morris Motorola inc Merrill Lynch ism corp global Marine a the 15 most Active stocks in new compos he trading g on monday. Sales 4,012,600 3,035,700 2,773,000 2.766.300 2,693,200 2.664.300 2.466.800 2.433.800 2.329.400 2,239,100 2.176.500 2.129.500 2.098.300 2.092.400 2.054.800 lilt 73 a a 43 w 26 Var 61 i .36 i 7 i 46 i 24 i 20 w 35 i 60 w 98 v4 44 i 56 i 4 Natch. Up i up i unch up 2 up i unch up 1 i ii Ltd up i up 1 i up i of up 2 off 1 a up w c american Exchange _ new York up a the ten most Active stocks in Ange composite trading monday. American Stock stack Energy service Echo Bay mines inter gel comm Weatherford inc Ich Cora Olar Raya Alc common corp Hasbro inc Royal Oak mines Gaylord cant it Ivan corp Salt 1,165,100 952.400 642,900 635.300 570.300 511,000 398.400 371.400 348.600 344,200 last 3 a 13 i 4 i 9 i 7 i 33 to 41316 32 5 i 32 via Nal chg. Up 3-16 up i offy unch up i of 1 up i of i up 5-16 up 1 i Dow Jones j new York up a Dow Jones closing Range of averages on monday High Law data a fianna 4002,84 3937,27 3978.38 up 32.93 1874.87 1832.72 1858.98 up 24.39 227.59 224.10 226.01 up 0.59 1457.25 1430.69 144 7.06 up 13.17 30 industrials 20 transport 15 utilities 65stock health insurer offers sure coverage for All los Angeles a Blue Cross of California has become the nation s first health insurer to guarantee coverage to All applicants regardless of medical condition. The los Angeles based insurer will accept applicants with illness into one of three categories based on the seriousness of their medical condition with fees set accordingly. Premiums would average from $96 a month for people with less serious illnesses such As asthma or ulcers to $214 a month for people with life threatening illnesses. Work Force could see big shift under Clinton plan by Mike Causey the Washington Post. Washington a one in every three Federal workers could wind up in a different location a different Job or jobless if the Clinton administrations realignment. Of the bureaucracy goes As planned. Most of the affected employees will be supervisors workers at Headquarters in Washington or in Small Field offices and personnel procurement accounting and budgeting employees. A under the plan most of the workers who left government would be longtime managers and supervisors who would take Cash buyouts within 12 months. If Congress failed to approve buyouts cuts would take place but Over a much longer time. Employees would be furloughed anti reductions in Force rims would follow. Most of the people fired because of rims would be recent hires or no veterans which includes most women. The White House wants a government wide reduction of 12 percent of the. White Collar work Force or about 252,000 people Over the next several years. About 100,000 would leave the payroll this year. Turnover however is at a record Low 1.5 percent by retirement and 2.7 percent by resignation. About 60 percent of the retirements and 40 percent of the resignations lds near were by army Navy and air Force civilians. Many of them got buyouts of up to $25,000. Officials expect attrition will pick up Only if Congress approves the White House buyout plan and couples it with Early retirement offers. The defense department managed to buy out 30,000 older workers rather than fire that Many younger employees last year. The Cia general accounting office Library of Congress and government printing office also had successful buyouts last year. Cia has just begun a Neil round. A technical data supplied to the National performance review a the blueprint of the government overhaul a show tha t the government spends $35 billion yearly in pay benefits and associated management costs in what it feels Are manage new fad takes Root la a Cipr shows pranks a Sholt a so a looks Over a display or a a half Rowine it to a s Kuddy and by store the dolls made or cloth covered sawdust plan Ted with grass seeds sprout Green grass hair after being watered. The hair can be trimmed a or better Mak that mowed a when it gets too Long. Ment top heavy Washington and Field of times. The Field Structure it said Quot was for the most part developed in the 1930s to facilitate popular acceptance of the new Deal  past attempts to close a underused or unnecessary Field offices in the agriculture department the department of housing and Urban Quot development and. Other departments usually flopped because politicians object to the loss of services and Job in their districts. With buyouts As the motivator the White House believes it can trim the number of senior a management control jobs and realign or consolidate Field offices while wielding the knife at Headquarters operations in Washington. Quot it s similar to the postal service buyout which was aimed at getting people who did no to actually touch the mail a an official said. A a. A a a a streamlines want most buyouts completed in a Short time. On tuesday they were to make their pitch at a special joint hearing of the House civil service subcommittee. Do a contractors agree to rework saudi arms debt Washington a the Pentagon saudi Arabia and five major defense contractors have agreed on a plan to restructure billions of dollars Worth of weapons sales to the desert kingdom a Pentagon spokesman said monday. Air Force maj. Tom Larock said the agreement was signed during the weekend in Riyadh. He said he could not provide details. A we have an agreement we Veall signed it and we re Happy with it a Prince Bandar bin Sultan was quoted As saying in mondays Wall Street journal. The newspaper report said the plan restructures $9.2 billion in payments Over the next two years to five contractors Mcdonnell Douglas general dynamics corp., fac corp., Raythelon co., and the Hughes aircraft unit of general motors corp. The agreement reworks the single largest saudi arms Purchase of 72 f-15 fighter jets from Mcdonnell Douglas and refinances much of the other saudi arms purchases planned Over the next two years the report said. Instead of taking delivery from Mcdonnell Douglas of two f-15s a month starting sometime next year the saudis will take Only one the report said. Houston a Continental airlines is spreading discount fares to More than half its daily departures As the Carrier increases its Effort to mimic the Success of Southwest airlines. Continental has adopted some of the High efficiency methods of Southwest to get More use from its jets and Crews. The higher productivity achieved mostly by avoiding its crowded Hub airports allows the airline to charge lower fares. One key to a Southwest like approach is to offer the cheaper tickets on Short routes and lure passengers who might otherwise drive. Continental added two cities to the Jower fare network Chicago and Green Ville Spartanburg . It also increased the number of flights at 15 other cities. The expansion puts Continentals Effort into closer Competition with Southwest at Houston and Chicago a Midway Airport. 1 some of the new flights will come at the expense of Continentals Denver Hub where the airline is planning to reduce departures. Continental also said monday that it would add cheap flights which the airline Calls peanuts fares to Denver. In october Continental began the service with flights primarily limited to the Eastern half of the country. Like strategies used by Southwest the program is designed to save Money by quickly filling planes and curtailing ground time. The program offers one Way fares for Between $49 and about $149 a even for last minute purchases. Conventional Hub and spoke operations that dominate the route networks of the biggest airlines require air planes and Crews to sit Idle for 45 minutes or an hour waiting for connecting flights to arrive hubs allow airlines to serve far More Des. Tinat ions but carry higher costs and higher fares. Donald g. Valentine a senior vice president of Houston based Continental said that the airline will average five flights per Gate at its no Hub terminals he from 3.3 departures in september and that employee hours per departure a Jive dropped More than half. Valentine is a former Southwest airlines executive hired by Continental last year. Way new to the program Are Chicago mid a with 23 daily departures and a Greenville Spartanburg with 17 flights service to Dayton Ohio is being increased to 20 flights daily